Tech Stocks Extend Rally as Nasdaq Gains Over 1%
Tech shares extend their rebound for a second day, pushing the Nasdaq higher. Brent slips but stays near $110 as attacks on Gulf shipping continue, per WSJ.
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what happened
Technology stocks kept climbing into a second day after the rally sparked by news around Anthropic. The Nasdaq is up more than 1%. Chipmakers and companies building AI infrastructure are among the top gainers. CoreWeave is recovering some of the value it lost earlier this month over worries about its heavy debt load tied to the AI buildout.
Brent crude is easing but still trades near $110 a barrel, as attacks on commercial vessels in the Persian Gulf continue, the Wall Street Journal reports. Israelis are also voting in parliamentary elections that could decide whether Prime Minister Benjamin Netanyahu stays in office, with consequences for the U.S.-Israeli war with Iran. Netanyahu says Israel must finish toppling the Iranian regime, while his rival Gadi Eisenkot favors converting military gains into diplomatic results.
why it matters
Two factors matter for markets now: tech strength supports U.S. indexes, while ongoing attacks on shipping keep oil from falling sharply. The outcome of the Israeli vote could shape the conflict with Iran and, with it, the direction of commodity markets.
market impact
US stocks: tech strength lifts the Nasdaq. Oil: attacks on Gulf shipping slow Brent's decline.
- Nasdaq pressure up — gains in tech and chip stocks support the index
- Brent mixed — easing prices are offset by attacks on Gulf shipping
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instruments
sources
- Tech Stocks Extend Gains After Yesterday's Anthropic Rally — WSJ, 27 October 2026 at 18:23 UTC
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